Atlantic Village (AU01)
Location: Nazare, Silver Coast, Portugal (PT)
Price: 121,500 GBP
Property Type: Apartment
Property Condition: New
Bedrooms: 1 Bathrooms: 1
Internal size: 58.00 m²
• The concept is quality, not only in detail but also of life style; big terraces and open spaces, contemporary design with large emphasises on natural light.
• Modern architecture compliments the highest standards of construction and materials being used.
• Low density construction and ample space between the blocks, several green areas, playgrounds for kids and lots of pedestrian streets are the details that make the final difference.
• Each building has only 10 apartments and its own private swimming pool. Since the landscape is part of a natural protected forest, the view from the large terraces and gardens is there to stay.
• The resort includes 25,000m of facilities including cycling circuit, Central Square, pedestrian zone, game fields and 35,000m of public gardens.
• There are two tennis fields, leisure zones, a sports centre, and a commercial area with cafés and various
other shops.
• The proximity of the future 45 holes of golf planned at Pinhal do Atlantico, literally walking distance away, will create a mini "golf city", a great vacation resort and unique investment opportunity.
• The resort is aimed at families, couple of all ages, sports enthusiast and for people looking for good growth and achievable returns at the same time.
80 - 85% LTV @ 5.5% interest only fixed for the first 5 years (subject to status)
6.5% transfer tax / 1% notary fee & land registry / 1 - 1.5% legal fee
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With an established tourism industry, the Silver Coast stands out as a safe attractive opportunity, against emerging markets that are yet to establish themselves.
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Due to overdevelopment witnessed in the Algarve and the Costa del Sol, a planning law was passed in 1993. Plano Regional de Ordenamento do Territorio Algarve/PROTAL. This has restricted overdevelopment in the region keeping tight control of property developments and enforcing strict planning regulations. The quantity of new builds has been restricted which continually adds value to property prices in the area.
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Recognising the demand for Golf, world class golf courses have been developed along the Silver Coast to benefit from Portugal’s lucrative sports-tourism market. The international Association of Golf Tour Operators has awarded the Lisbon Coast in 2007 ‘European GolfDestination of the year’ ahead of the Algarve, Spain, Ireland and other more established golfing regions.
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In 2006 there were 6 million tourists in Lisbon’s hotels up 11.8% from 2005. Lisbon is now becoming more popular amongst tourists than the Algarve which is beginning to have a knock on effect for the Silver Coast.
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European Airlines fly to Portugal daily all year round. Flights with Easy Jet from the UK to Lisbon cost around £130 return. The London to Lisbon flight time is 2 hours 15 minutes.
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Lisbon, one of Europe’s most popular destinations is less than 45 minutes from the main hub of the Silver Coast.
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Both areas will benefit greatly from the 550 million that will be used to expand Lisbon
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